The New York Power Authority Trustees Thursday approved new
allocations under the latest phase of Governor George E. Pataki's
Power for Jobs program, with 13 businesses and not-for-profit organizations promising to create 272 new jobs in return for the
discount-priced electricity.

"The newest recipients of this power are spread out across New
York State, demonstrating the continued vitality of Governor
Pataki's highly successful Power For Jobs program, which is linked
to about 300,000 jobs at more than 700 businesses and nonprofit enterprises, including hospitals, colleges and cultural
institutions," said Louis P. Ciminelli, NYPA chairman. "The
latest allocations stem from legislation last year, setting aside
additional amounts of economical power for reallocations to existing
customers and new allocations to other qualified recipients."

Ciminelli noted that in addition to the new allocations, the
trustees approved reallocations for 10 Power for Jobs customers whose
contracts were expiring in 2002 and beyond. Collectively, the latest
allocations, for new and existing customers, total more than 10,000
kilowatts (kw) of power, and will help protect or create over 4,900
jobs.

Three not-for-profits were also among the first-time recipients:
Albany Institute of History and Art; Ellis Hospital, Schenectady; and
Samaritan Medical Center, Watertown. (See attachments for the specific
allocations and job commitments.)

The legislation proposed by Governor Pataki and enacted into law in
2002 established a new Phase Five for Power for Jobs, making an
additional 183,000 kw of lower cost power available through 2005 for
existing and new customers. Previous to today's action, the NYPA
trustees had approved 182 allocations under Phase Five, linked to the
retention of 65,117 jobs, for businesses and nonprofits whose three-year
contracts were expiring. The latest allocations are the first to include
new customers in the current program phase, and leave nearly 76,000 kw
still to be allocated.

First launched in late 1997 with an allotment of 400,000 kw, Power
for Jobs was originally expected to protect or create up to 40,000 jobs,
which is about 13 percent of the current job total. The program, which
has resulted in cumulative savings of hundreds of millions of dollars
for its customers, was conceived as a bridge to competition and lower
prices in the electricity marketplace from the deregulation of the
electric power industry.

NYPA administers the Governor's program, with its trustees
authorizing allocations on the basis of recommendations of the New York
State Economic Development Power Allocation Board (EDPAB)--a four member
board consisting of appointees of the Governor and state legislature.